Author: FX
May 2026 data from Japan. Household spending:+3.7% m/m expected +1.4%, prior +1.6%-0.4% y/yexpected -2.5%, prior -0.5%Wages:Average Cash Earnings +3.2% y/yexpected +3.4%, prior +3.5%)Same Sample Base Cash Earnings +2.9% prior +2.9%Overtime Pay +2.9% y/yprior +4.2%—I’ll have more to come on this separately. This article was written by Eamonn Sheridan at investinglive.com. Source link
Tech shares powered Wall Street higher as it reopened after the holiday, Bitcoin swung wildly before leading gains, and the dollar firmed early then faded to close mixed. Source link
Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,XAG/USD Price Forecast: Technical outlookOverall, the XAG/USD is downwardly biased, as last week’s four-day rally stalled for several reasons. First, geopolitical risk premium is out of the picture, and second, a potential “death-cross” in the daily chart increases the likelihood of further losses.Momentum is flatline after four days of…
Hyper Bit Technologies (HYPAF) on Monday said it launched a non-brokered private placement to raise up to C$1.5M through the sale of up to 15M units priced at C$0.10 each. The company said proceeds will be used to purchase cryptocurrency mining equipment, repay debt, fund marketing activities and for working capital. Each unit includes one common share and one warrant exercisable at C$0.15 for three years. More on Hyper Bit Technologies Ltd. Source link
The EURUSD and GBPUSD have both turned sharply higher in the early North American afternoon, with buyers gaining momentum.For the EURUSD, the pair has erased its earlier losses and is now trading close to unchanged on the day. From a technical perspective, the key development is the failed break below the 100-hour moving average at 1.14177. Sellers had their opportunity but couldn’t sustain downside momentum, allowing buyers to regain the short-term technical edge.The GBPUSD has strengthened even more, up around 0.23% on the day and trading near 1.3382, just shy of the session high at 1.3384. The pair is now…
USD/CHF gains 0.37% on Monday, trading around 0.8060 at the time of writing, as the US Dollar (USD) rebounds despite slightly softer expectations for further monetary tightening by the Federal Reserve (Fed).The Greenback’s recovery comes as investors reassess the monetary policy outlook following last week’s weaker-than-expected United States (US) Nonfarm Payrolls (NFP) report. Despite signs of a cooling labor market, the US Dollar is benefiting from renewed demand, also supported by persistent geopolitical tensions in the Middle East, particularly around the Strait of Hormuz.According to the CME FedWatch tool, markets continue to price in a scenario of additional Fed interest…
US Treasury draft warns of economic mayhem if AI mimics dotcom bubble: report Source link
The USD is higher with the USDJPY the biggest mover with a gain of 0.59% after testing a swing level near 160.446 on Friday and bouncing and continuing the run to the upside today back through the 100 and 200 hour MA between 161.86 and 161.92. Remember the 161.95-97 was the old high from 2024 which took the pair to the highest level since 1986 during last week’s trade. The price is trading near 162.30.The EURUSD (-0.18%) and the GBPUSD (-0.07%) are more contained but lower. For the EURUSD is it trading just below the 100 hour MA at 1.1416…
Gold (XAU/USD) edges lower on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week’s rebound from a more than seven-month low of $3,941. At the time of writing, XAU/USD trades around $4,153 after briefly climbing above the $4,200 level during the Asian trading session.Despite the intraday pullback, Gold remains supported, as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday have reduced expectations of an immediate Federal Reserve (Fed) interest rate hike.Meanwhile, Oil-driven inflation risks are also easing as shipping through the Strait of Hormuz continues to improve following last month’s signature of a…
EUR/USD sits at a fork this week. The dollar just posted its worst week in a month, but the pair still trades below a broken uptrend line. Wednesday’s Fed minutes could confirm the dollar’s slide, or hand it a lifeline. Which trend correction levels will EUR/USD respect? Source link